Need to make repairs?
The City would like to apply for a Small Cities Development Program Grant (SCDP) in 2023. If this is approved, grants would be available to homeowners and commercial building owners for essential repairs.
Funding May Be Available for You!
The City would like to apply for a Small Cities Development Program Grant (SCDP) in 2023. If this is approved, grants would be available to homeowners and commercial building owners for essential repairs. The grant funding would be concentrated in a targeted area for this first grant, although future grants may concentrate on other areas of the city.
If you received a letter or brochure in the mail, your feedback is requested. Are you interested in participating in this program? Please submit your response today!
1) Homeowner Interest Survey (yellow area on map)
Homeowners that live in their homes, in the target area identified on the map, could be eligible to receive SCDP funding for essential home repairs if they meet income requirements.
Each homeowner could receive up to $25,000 in the form of a 10-year deferred (no payments) loan if they meet income requirements. Each year, 10% of the loan would be forgiven. If you continue to own the home AND reside in it during the entire term of the deferred loan, it will be forgiven. Surveys will be tabulated by an outside agency, so your income information will remain confidential.
Typical repairs that you can use funding for are shingles, siding, furnace, AC units, windows, doors, soffit, fascia, electrical wiring, and plumbing leaks. Handicap accessibility improvements can be made if a documented need exists. Funds cannot be used for remodeling.
Additional requirements are that mortgage payments, property taxes, and property insurance must be current and in effect to participate. The deferred loan will be secured by a lien on the property.
Income information will remain confidential. Feel free to contact the city with any questions you might have.
2) Commercial Building Owner Interest Survey (pink area on map)
Full participation in this survey is important so the city knows it has necessary interest to proceed. This survey will help us gauge interest and eligibility for this program. Once it is determined there is enough commercial businesses that will take advantage of this opportunity, the city will apply for funding.
This loan funding would be available to a specific targeted area of commercial businesses identified in the pink area on the map. Eligible commercial businesses will potentially be able to borrow $5,000 to a maximum of $40,000 for rehabilitation projects. The SCDP loan will be 60% of the total project cost, with 20% from the Lonsdale EDA, and 20% cash from the property owner. The SCDP loan will be a seven-year deferred loan and will be forgiven after seven years if the property is not sold. The loan from Lonsdale EDA will be paid back in full. Eligible rehabilitation projects include exterior repairs or improvements, code violation corrections, handicap accessibility, and energy improvements.